Goldman Sachs Considers Spin-Off of Its Digital Assets Platform
GSGoldman Sachs(GS) ZACKS·2024-11-20 01:40

The Goldman Sachs Group, Inc. (GS) announced its intention to explore strategic opportunities to spin out its wholly-owned technology platform, GS DAP, which is designed to meet the complex requirements of participants in digital capital markets. The platform is currently part of Goldman Sachs’ Digital Assets division and is now expected to evolve into an industry-owned distributed technology solution, subject to regulatory approvals.Mathew McDermott, global head of Digital Assets at GS stated, “We view per ...